(a) In general.—Subparagraph (E) of section 7704(d)(1) of the Internal Revenue Code of 1986 is amended by striking “, industrial source carbon dioxide,” and all that follows and inserting “or of any industrial source carbon dioxide; or the generation, storage, or transmission to the electrical grid of electric power exclusively utilizing any resource described in section 45(c)(1) or energy property described in section 48, or the accepting or processing of such resource or property for such utilization; or the generation or storage of thermal power exclusively utilizing any such resource or property; or the transportation or storage of any fuel described in subsection (b), (c), (d), or (e) of section 6426; or the production for sale by the taxpayer, the transportation, or the storage of any renewable fuel described in section 211(o)(1)(J) of the Clean Air Act (42 U.S.C. 7545(o)(1)(J)),”.

(b) Effective date.—The amendment made by this section shall take effect on the date of the enactment of this Act, in taxable years ending after such date.